Global cryptocurrency funds saw net inflows of nearly $900 million last week
A week after cryptocurrency-based investment products hit record outflows of nearly $1 billion, these financial instruments rebounded sharply with net inflows of about $900 million, according to CoinShares. Last week, funds managed by asset managers such as BlackRock, Fidelity and Grayscale reported record outflows of $942 million.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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